Singapore's non-oil domestic exports (NODX) surged by 12.4% year-on-year in May of 2022, after a 6.4% rise in April, which was the softest pace in 12 months, and easily beating market consensus of a 7.6% gain. It was the strongest growth in NODX since January, due to higher increases in sales of both electronic and non-electronic products. Sales of non-electronic products rose much faster (12.2% vs 4.6% in April), with non-monetary gold recording the biggest upward contributor (344.4%), followed by measuring instruments (38.0%), and specialised machinery (26.4%). Meanwhile, sales of electronic products accelerated slightly (12.9% vs 12.8%), including ICs (26.6%), parts of ICs (116.3%), and disk media products (10.3). Among trading partners, exports grew to Japan (15.4%), Taiwan (24.7%), Malaysia (27.9%), Indonesia (41.4%), Thailand (28.8%), and China (0.2%), while declined to the US (-9.6%), South Korea (-1.9%), Hong Kong (-5.9%), and the EU (-6.6%). source: Statistics Singapore

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.77 percent from 1977 until 2021, reaching an all time high of 70 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2022, according to our econometric models.

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Singapore Non-oil Domestic Exports (NODX) YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 12:30 AM Apr 6.4% 7.7% 6.7%
2022-06-17 12:30 AM May 12.4% 6.4% 7.6%
2022-07-15 12:30 AM Jun 12.4%


Related Last Previous Unit Reference
Balance of Trade 3243.10 4208.93 Million SGD May 2022
Current Account 28855.00 25720.40 SGD Million Mar 2022
Current Account to GDP 17.60 14.30 percent of GDP Dec 2020
Exports 62697.31 60641.60 Million SGD May 2022
Imports 59454.21 56432.66 Million SGD May 2022
External Debt 2390923.10 2297610.10 SGD Million Dec 2021
Terms of Trade 99.57 100.32 points May 2022
Capital Flows 76339.80 20945.10 SGD Million Mar 2022
Foreign Direct Investment 34913.40 35110.00 SGD Million Dec 2021
Domestic Exports of Non Oil (nodx) (%yoy) 12.40 6.40 percent May 2022

Singapore Non-oil Domestic Exports (NODX) YoY
In Singapore, Non-oil Domestic Exports (NODX) can be divided in Electronic Products, such as ICs, Disk Media Products, PCs, Parts of PCs, and Diodes & Transistors; and Non-Electronic Products, particularly chemicals, such as petrochemicals and pharmaceuticals.
Actual Previous Highest Lowest Dates Unit Frequency
12.40 6.40 70.00 -34.90 1977 - 2022 percent Monthly
Not Seasonally Adjusted

News Stream
Singapore NODX Growth Strongest in 4 Months
Singapore's non-oil domestic exports (NODX) surged by 12.4% year-on-year in May of 2022, after a 6.4% rise in April, which was the softest pace in 12 months, and easily beating market consensus of a 7.6% gain. It was the strongest growth in NODX since January, due to higher increases in sales of both electronic and non-electronic products. Sales of non-electronic products rose much faster (12.2% vs 4.6% in April), with non-monetary gold recording the biggest upward contributor (344.4%), followed by measuring instruments (38.0%), and specialised machinery (26.4%). Meanwhile, sales of electronic products accelerated slightly (12.9% vs 12.8%), including ICs (26.6%), parts of ICs (116.3%), and disk media products (10.3). Among trading partners, exports grew to Japan (15.4%), Taiwan (24.7%), Malaysia (27.9%), Indonesia (41.4%), Thailand (28.8%), and China (0.2%), while declined to the US (-9.6%), South Korea (-1.9%), Hong Kong (-5.9%), and the EU (-6.6%).
2022-06-17
Singapore NODX Growth at 12-Month Low
Singapore's non-oil domestic exports (NODX) grew by 6.4 percent year-on-year in April of 2022, easing from a 7.7 percent rise in the previous month, below market consensus of a 6.7 percent gain. It was the softest pace in NODX since April 2021, due to slower increases in sales of non-electronic, amid weakening global demand. Sales of non-electronic products went up less (4.6% vs 6.8% in March), of which specialised machinery (6.9%), measuring instruments (18.4%), and structures of ships & boats (305.6%) Meanwhile, sales of electronic products continued to grow (12.8% vs 11.5%), including ICs (13.4%), telecommunications (25.4%), and PCs (94.2). Among trading partners, exports expanded to the US (10.0%), Japan (10.6%), Taiwan (29.9%), Malaysia (20.7%), Indonesia (20.8%), Thailand (20.8%), and the EU (11.0%), while declined to China (-10.6%), South Korea (-8.9%), and Hong Kong (-12.5%).
2022-05-17
Singapore Exports Rise the Least in 6 Months
Singapore's non-oil domestic exports (NODX) increased by 7.7 percent year-on-year in March of 2022, slowing from a downwardly revised 9.4 percent rise in the previous month, compared to market consensus of a 2.9 percent gain. It was the lowest growth in NODX since last August, due to softer rises in both sales of non-electronic and electronic products, amid weakening global demand. Sales of non-electronic products expanded less (6.8 % vs 8.8% in February), of which pharmaceuticals (17.9%), non-monetary gold (86.5%), and measuring instruments (19.5%). Also, sales of electronic products rose softer (11.5% vs 11.6%), including ICs (21.0%), disk media products (70.4%), and PCs (11.9). Among trading partners, exports grew to China (4.8%), the US (68.1%), Japan (24.2%), Taiwan (0.9%), Malaysia (29.1%), Indonesia (0.3%), and the EU (16.8%), while dropped to South Korea (-8.0%), Hong Kong (-22.4%), and Thailand (-3.3%).
2022-04-18